Sneak peek: Peter Linneman on what 2025 got right, and what’s coming next

Peter Linneman returns to the Walker Webcast on January 28th to reflect on a year full of economic surprises and to offer his signature straight talk on what lies ahead in 2026.
Whether the conversation opens with interest rates, labor market shifts, or commercial real estate, one thing is certain: Peter brings sharp insights and clearly articulated opinions which are driven by fundamental analysis rather than hype. In this episode, he and Willy Walker are set to explore the themes that defined 2025 and the ones that will shape the coming year.

Looking back at 2025

Peter’s looking forward to discussing a few major trends that stood out over the past year:

• Interest rates stayed elevated longer than expected, but cuts are now on the horizon, and Peter says they may go deeper than most forecasts suggest.
• Employment growth slowed overall, with a surprising 9% decline in federal government jobs, a rare development with broad implications.
• Tariffs and trade disputes made a comeback, influencing capital flows and corporate strategy across industries.

Despite these challenges, Peter characterizes 2025 as a stronger year than many anticipated, highlighting the economy’s underlying resilience.

What’s ahead in 2026?

Expect discussion on:

• The evolving labor market and why AI could drive job creation rather than elimination
• The path of interest rates, and what falling rates might mean for capital markets and investment
• The dynamics between economic momentum and persistent uncertainty

CRE sector spotlight

As always, Peter plans to bring a candid perspective to commercial real estate:

• Has his view shifted on data centers, one year after expressing skepticism?
• Can hospitality keep outperforming amid shifting consumer behavior?
• What’s next for multifamily, where fundamentals remain strong but capital access is evolving?

Whether you’re tracking macroeconomic trends or sector-specific strategies, this episode is sure to deliver timely insights and bold predictions you won’t want to miss.

Subscribe to the Walker Webcast and watch the full episode coming soon.